347 KB48 KB201320252013Ilić, Urošletnik:39številka:6/7Str. 1242-1255ISSN:0353-6521COBISSID:13477457URN:URN:NBN:SI:doc-QNPAC59SslGV ZaložbaPodjetje in delodolgovigospodarske družbeinsolventnostposlovne financeprestrukturiranjeprisilna poravnavasanacijaPrevzem insolventne tarče z zunajsodnim finančnim prestrukturiranjem|The article deals with issues related to corporate financial restructuring. The process can be organised out of court or through formal court procedures, merely in the compulsory settlement proceedings, which is governed in the Financial Operations, Insolvency Proceedings and Compulsory Dissolution Act (ZFPPIPP). Out of court financial restructuring will probably be implemented with the new legislation, by which the current banking practice in this service field should benefit from transparency, predictability and efficiency of the low cost and speedy corporate recovery. The common measure of financial restructuring, regardless of whether the process is performed out of or through the court, is Debt-to-Equity swap in which creditors transfer their claims to the debtor as an in-kind contribution based on the increase in the share capital of the debtor. The consequences of this measure are material changes in debtors shareholder structure, which are usually only temporary, since the creditors primarily target to exit as soon as the debtor is restructuredPrispevek obravnava vprašanja, povezana s finančnim prestrukturiranjem gospodarskih družb. To se lahko izvede zunajsodno ali pa s sodnimi postopki zaradi insolventnosti, zlasti postopkom prisilne poravnave, ki je urejen v Zakonu o finančnem poslovanju, postopkih zaradi insolventnosti in prisilnem prenehanju (ZFPPIP). Zunajsodno poravnavo bo predvidoma v slovenski pravni red vnesel Zakon o sistemski razdolžitvi podjetij, s čemer naj bi se v bančnoposlovni praksi povečala pravna varnost, predvidljivost in učinkovitost. Pogost ukrep finančnega prestrukturiranja, ne glede na to, ali gre za zunajsodni ali sodni postopek, je konverzija upniških terjatev v kapital insolventnega dolžnika. Posledično prihaja do bistvenih sprememb v dolžnikovi lastniški strukturi, ki so praviloma začasne, saj si nekdanji upniki (zdaj novi lastniki) želijo čim hitrejšega izstopa, ki ga praviloma omogoča naknadni prevzem saniranega podjetjaTEXTznanstveno časopisjejournalsSlovenian National E-content AggregatorNational and University Library of Slovenia